Money Concepts Capital Corp Takes $251,000 Position in iShares MBS ETF (NASDAQ:MBB)

Money Concepts Capital Corp acquired a new stake in iShares MBS ETF (NASDAQ:MBB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,733 shares of the company’s stock, valued at approximately $251,000.

Other hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC purchased a new stake in shares of iShares MBS ETF in the third quarter worth about $519,000. Principal Financial Group Inc. purchased a new stake in shares of iShares MBS ETF in the third quarter worth about $289,000. AAFMAA Wealth Management & Trust LLC boosted its stake in shares of iShares MBS ETF by 0.9% in the third quarter. AAFMAA Wealth Management & Trust LLC now owns 66,897 shares of the company’s stock worth $6,409,000 after buying an additional 592 shares during the last quarter. Kestra Investment Management LLC boosted its stake in shares of iShares MBS ETF by 265.9% in the third quarter. Kestra Investment Management LLC now owns 249,363 shares of the company’s stock worth $23,891,000 after buying an additional 181,210 shares during the last quarter. Finally, JGP Wealth Management LLC boosted its stake in shares of iShares MBS ETF by 16.2% in the third quarter. JGP Wealth Management LLC now owns 7,896 shares of the company’s stock worth $756,000 after buying an additional 1,099 shares during the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

Shares of MBB opened at $92.39 on Friday. iShares MBS ETF has a 52 week low of $89.16 and a 52 week high of $96.76. The stock’s 50-day moving average price is $92.06 and its 200-day moving average price is $93.54.

iShares MBS ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a $0.3414 dividend. This is an increase from iShares MBS ETF’s previous dividend of $0.29. The ex-dividend date of this dividend was Monday, February 3rd.

About iShares MBS ETF

iShares MBS ETF (the Fund), formerly iShares Barclays MBS Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results, which correspond to the price and yield performance of the Barclays Capital U.S. MBS Index (the Index). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage (GNMA).